Settlement and cash services for legal entities and individuals (RKO) - what is it and why is it needed + TOP-5 banks with favorable rates

Hello dear readers of the Rich Pro business magazine! In the article, we will talk about settlement and cash services for legal entities and individuals, for what it is necessary and how to choose a bank with low (good) tariffs for cash settlement services.

Due to the growing popularity cashless payments and obligatory work with a current account, RKO becomes an integral part of our life and is necessary for absolutely everyone, from the ordinary senior citizen before entrepreneur or, especially, a large company.

From this article you will learn:

• What is cash management services;
• What advantages and features it has;
• What is the difference between CSC for individuals and legal entities;
• By what criteria and comparative characteristics to choose a bank.

Of course, entrusting your bank account with your bank account is a responsible decision and requires the most serious approach, because it affects the company's costs, the safety of money transactions and, accordingly, its profitability.

So how to decide on the choice of a partner bank, what to look for? Read about it and more right now!

What is a cash settlement service, what is the function of cash management services for legal entities (LLC, private entrepreneurs, etc.) and ordinary citizens, how to choose a bank with the best tariffs for cash settlement services - you will learn about all this by reading the article to the end

1. Settlement and cash services (CSC) - what is it and who needs it 🗒

RKO (settlement and cash services) is a banking system that allows you to service accounts of individuals and legal entities, to carry out money transfer operations in various currencies.

To use these opportunities, a potential client must provide the bank with certain documents, conclude an appropriate agreement with the bank and comply with the requirements of existing legislation and the internal banking procedure.

All legal subtleties of the settlement services are determined by the Law "About banks and banking", The Civil Code of the Russian Federation and the regulatory legal acts of the Central Bank of the Russian Federation (for example, Provisions such as" on cashless payments in the Russian Federation "," on the procedure for conducting cash transactions in credit organizations "and others)

Is it possible to do without cash management services?

Today, both individuals and organizations need to use non-cash cash flow in one form or another.

Accordingly, do without cash register impossible during any cashless transactions, withdrawal or establishment of a cash account (including payment, money transaction and other), maintaining accounts in various currencies and receiving statements of operations performed on the current account.

2. Settlement and cash services for legal entities - a mechanism for servicing bank customers 🖇

When the cash register of legal entities, a credit institution conducts all operations on their current accounts. Among which, the listing salaries, pensions, scholarship and other payments. Transactions can be performed both in rubles and in other foreign currencies. In more detail about opening a current account, we wrote in one of the previous materials.

Fundamental services in this direction can usually be classified:

• settlements in cashless form;
• cash payments;
• preparation of account statements.

When carrying out work on accounts and cash transactions, banks apply special formsThe most commonly used of which are:

1. payment order (when using a current account for payment), it is also called "form 0401060";
2. form for depositing cash into a bank account;
3. checks issued upon withdrawal of cash from the account.

By signing an agreement on cash settlement services, the company is entitled get a checkbook, which serves as a tool for cashing money to use it to pay workers and other needs of the company.

Banks can offer not only basic, but also additional services, for example, collection, remote access to work with a current account (such a system is called "Bank-Client").

But, if basic services are provided free of charge or on a minimum payment basis, then related services are for a fee, because a bank is, first of all, a commercial organization.

3. The main purpose of settlement and cash services for individuals

The current account of an individual is used for crediting payments, making non-cash payments, operations in the Internet bank and other non-commercial purposes.

In most banks, this service is provided for free, but there is also a commission for transactions, such as cashing money, processing payment documents, wire transfers, etc.

To open an account, an agreement is signed between an individual and a bank on a cash settlement account.

4. How to choose a bank for RKO - TOP-3 advice from experts

The choice of a partner bank should be approached as seriously as possible. Before you do this, you need to study the proposals of various banks and decide on the basis of criteria that are important for a particular organization.

Tip 1. Determine the reliability of the bank

Bank reliability - This is a combined idea of ​​not only its capabilities, but also the identification of advantages and weaknesses. Before concluding a service agreement, it is necessary to assess the possible risks of such cooperation and compare them with the level of utility.

There are different ways to get ideas about the work of a credit institution, as well as a criterion for assessing its reliability, for example:

• Open Source Media and Internet Resources. Here you can find not only general information, but also real customer reviews. For this, in addition to the websites of the banks themselves, there are specialized sources (such as the information portal Banki.ru, credit ratings of Expert RA and others);
• Make sure that withdraw and transfer funds is possible on the day of treatment;
• Bank sustainability monitoring. For example, should delay the transfer of funds;
• Availability and geographical location of bank branches. Their presence in different regions allows you to avoid unnecessary time and money spent on work between several different systems;
• Range of services. It is important that the bank meets all the requirements of the organization and can provide all the services it needs;
• Transaction passport processing time, currency requirements for documentation, currency exchange terms and so on;
• Tariffs for settlement and cash customer services. When comparing banks for this indicator, it is important to assess the size of the commission for maintaining an account, the ability to work remotely and connecting this service, transferring funds, depositing and withdrawing cash (for the payment of wages and other needs of the organization);
• Quality and, Firstly, operational efficiency of the bank and resolving contentious issues.
• Availability and conditions for the provision of related servicessuch as lending, warranty services, for example, in tender work.
• The relevance of conducting "salary projects" in the bank (how much it will be profitable and convenient, how widely represented the ATM network and other issues)

Tip 2. Compare work schedules of potential partners

In cases where a number of banks meet the criteria for selection by the organization of a partner for cooperation in settlement services, an additional item may be bank schedule.

Especially, it is worth paying attention to companies that work with firms or divisions, having a time difference.

Tip 3. To save on bank expenses, enter payment days in the company

If the company will introduce payment days (from one to three per week), when all bills that have accumulated over this period of time, depending on priority, will be paid, then it will be possible to save on expenses related to the payment of each payment order.

Overview of popular banks with tariffs for cash settlement services

5. We select a bank with favorable rates for cash management services - TOP-5 of RKO banks for individual entrepreneurs and legal entities

As already mentioned, the choice of a bank to which you can be entrusted with maintaining your current account is a very responsible step, which depends on various factors. Besides account management, replenishment and cash withdrawals, cashless transfers and payments, in banks you can get additional services.

1) Sberbank

In the financial services market, Sberbank rightfully occupies a leading position in the spectrum of needs coverage as physicaland legal of persons.

RKO bank is good for individual entrepreneurs and large corporations, as Sberbank can offer many profitable tariffs for cash settlement services and additional services. You can open a bank account in this bank without even visiting the branch, remotely using the site, and he will be ready to receive payments.

The necessary documents can be submitted to the bank within 30 calendar days after opening such an account. The second and subsequent accounts can be opened using only the system "Sberbank Business Online", for which there is a mobile application, which is very convenient. There are also package offers of services for business accounts.

Sberbank has the largest network of offices and ATMs in the country, provides round-the-clock support by an advisory center, works with foreign currencies, conducts "salary projects", provides acquiring services, offers special conditions for deposits and loans for its customers and preferential programs. It is also possible to lease equipment for business. What is leasing we wrote in our last article.

2) Tinkoff

A relatively young, but rapidly growing bank. Legal entities are offered two tariffs: "Plain"and"Advanced"having fairly low service rates. The Bank holds various promotions to attract new customers, which makes servicing in it quite profitable.

Related services are provided, such as Internet banking, SMS alert system, business lending, Internet acquiring and others. It is also possible to open an account online through the site. At the end of the year, Tinkoff Bank customers are credited with a percentage of the balance amount.

3) Bank Opening

Otkritie Bank offers its customers a full range of cash settlement services. There is the possibility of online reservation of an account for its subsequent opening, a remote account management system, an advisory center, currency control, acquiring, collection, additional lending, insurance and other services.

The Bank also offers HR counseling training programs aimed at improving the performance of employees and managers.

4) Alfabank

Settlement and cash services for Alfa Bank customers are conducted in both Russian and foreign currencies without restrictions on the number of accounts opened. All operations on accounts, including currency conversion services, can be carried out through the online client.

Alfa-Bank has an extensive network of branches and carries out cash settlement services throughout the country. You can conclude an additional agreement with the bank and receive a percentage of the balance of funds in the account. The bank provides additional services.

5) SKB-Bank

In SKB Bank, it is possible to reserve a current account online and conduct all operations on accounts remotely. The Bank has an extensive network of branches and ATMs, an extended operational day (21 hours).

SKB can offer legal entities and entrepreneurs favorable rates, a wide variety of additional services, for example, preferential loans for employees and a “salary project”, as well as free Visa Business credit card issuance and even a free advertising campaign and discounts in the Affiliate program.

Tariffs for settlement and cash services in banks

This table shows the tariffs of RKO banks located in Moscow. In other regions, tariffs may vary, depending on the procedure for their establishment by the bank.

* For customers who have a current account with this Bank.

From the data presented in the table, it can be concluded that the most favorable conditions at the moment are provided by Tinkoff Bank, which does not charge for most standard services, however, do not forget that these are not the only indicators and a deeper analysis is required for the full picture .

6. What documents are needed to open a cash register (individuals and legal entities) 🗒

To open a bank account, you will need to provide a standard package of documents.

Documents for opening an IP settlement account:

• Passport;
• TIN;
• OGRIP.

Documents for opening a current account for legal entities (LLC, JSC, PAO, etc.)

• BIN;
• TIN;
• Charter;
• Order on the appointment of the Director;
• and other constituent documents of a legal entity.

7. RKO package services for bank customers - an overview of the TOP-3 popular services

In order to reduce the cost of necessary cash management services, most credit organizations provide customers (entrepreneurs) with the opportunity to connect a package of services. This is necessary when using RKO regularly and requires significant financial investments from the company.

Such proposals can be divided into 2 (two) categories:

1. payment for connecting the package enables the free implementation of some frequently used operations;
2. preferential rates for the main operations of cash settlement services.

It is necessary to take into account the cost of the package itself to make sure that its connection will really reduce costs and save from unnecessary financial losses.

1) The service "Bank cards for legal entities"

For more convenient business and financial transactions, bank cards of a special business category can be issued. Such cards are attached to the account of the organization and are used only for the needs of the company, which is very convenient, for example, for customers who often make transactions on the account while on business trips.

In addition to the main card, it is possible to issue additional cards that are tied to the same account, which is convenient for use by several employees at once. In addition, the fees for servicing with a card are usually lower than through an operator.

However, when calculating the benefits of using a card, tariffs must be taken into account for its issue and further servicing, which differ radically, depending on the issuing bank.

2) The service "Self-collection"

Self-collection- this is a service that is also designed to reduce businessmen’s expenses on cash settlement services and allows you to make revenue to your current account through ATM or terminal self catering. This allows the entrepreneur to get rid of unnecessary problems and cash costs associated with the collection and storage of cash.

Some operations may be restrictions imposedthat are related to the capabilities of the used self-service terminal.

Usually, cash deposit rates in this way are lower than through the cash desk, however, you need to remember that the bank sets the minimum commission amounts and make sure that such collection is profitable.

3) Internet banking

One of the most important components of cash management services, today, is the ability to work with accounts remotely, namely all kinds of customer bank. Most of the most necessary banking operations can be performed in this way, as well as receive payment documents and track the status of the account.

As a rule, this service belongs to the basic services of cash settlement services and is inseparably present in every bank serving legal entities. The client has the right to refuse to use Internet banking, but can also connect it with ease at any time.

Usually, you will be charged for using the remote access features, but many banks are ready to provide the basic features of this service on a free basis.

Of the useful features of this service can be noted directly making payments from the current account and transfers to other persons. Work is also carried out with documentation, it is possible to obtain information about all actions with the account and its status in real time.

Online operations on accounts have a fairly high degree of protection and bank guarantees, so entrepreneurs may not worry about the safety of funds, but they have the right to connect additional protection services for a fee.

8. The advantages of cash management services for entrepreneurs

RKO- This is a comprehensive service necessary for running almost any business.

The positive aspects of RKO for entrepreneurs are:

• personal approach and specially selected tariff packages on the most favorable conditions.
• service by a personal manager;
• real-time calculations.

This favorably affects the speed and smoothness of the organization. Most of the payments today are carried out by bank transfer, and their quick and high-quality payments directly affect the company's profits.

The more services a bank can offer, the more attractive it is for entrepreneurs.

Today, CSC boasts a wide range of:

• opening and maintaining a current account;
• transfers, both within the bank and to other banks, to the accounts of legal entities or individuals and various payments;
• institution in the cash account;
• online banking, mobile applications and SMS alerts;
• any currency transactions, including their purchase, sale and exchange.
• the ability to pay by scan copy of the invoice;
• constant availability of online cash transactions for customers within the bank;
• individual approach, depending on the specifics of the client’s organization. For example, if the company often operates in the international market, the value and speed of processing the transaction passport will be of great importance.

When a company primarily works with cash, the most important point for cooperation on cash settlement services for it will be the minimum commission for depositing funds into a current account. And for beginning businessmen, the commission for opening and maintaining an account will come first.

9. Frequently Asked Questions (FAQ) for RKO

Let's try to answer in detail the questions that come to the editors of Rich Pro.

Question 1. Cashier customer service and Maintenance of cash registers - is it the same thing?

Cash Service - This is a work of settlements and other financial transactions on accounts of individuals and legal entities.

RKO - a banking system that allows you to service accounts physical and legal of persons, write off and credit funds in national and foreign currency.

To use such services, a bank client must provide the necessary documents, conclude an appropriate agreement with the bank and meet the requirements of the current legislation and the internal banking procedure.

Cash Service - This is a bank service to its customers. This service has nothing in common with maintenance of cash registers, the object in which the cash register acts directly, and the service is provided by the technical staff of the bank or a third-party equipment maintenance organization.

Question 2. How to choose the best bank for small business in RKO?

Over 600 Russian banks ready to offer their services to small businesses, having fundamentally different conditions for their provision and tariffs. In order not to get confused in all this diversity, it is important to determine for your company the most important operations of cash settlement services that are carried out or are planned in the next six months.

Among the selection criteria of a partner bank, the following can be distinguished:

1. The main currency with which the company works. Does the bank work with it, what conditions does it provide for transfers, currency exchange, is there a currency control service (for those who import and export goods and services and often pay with foreign partners), as well as the availability of an online currency exchange service for any time that will help protect your accounts from financial losses.
2. The presence and size of the commission for maintaining a current account, connecting to the online banking system, the cost of transfers. It will be more convenient for start-up entrepreneurs if, for some time (usually three to six months) after opening an account, no commission will be charged for maintaining it, if there are no operations on the account.
3. Cash operations. Cash withdrawals and their establishment on the account are subject to an additional commission, which must be taken into account when calculating the profitability of the tariff.

Having decided on the basic operations and having studied the offers of various banks, you need to calculate the estimated costs of cash settlementthat will be required monthly. It is important not to forget the one-time commissions that are held at a time when opening an account, connecting to a remote control system, issuing an electronic key, and so on.

In addition to the cost of servicing, other issues, such as:

• How fast is the opening of an account (is there a possibility of online reservation)? If you can open an account online, you can immediately get the details you can work with, and bring the documents to the bank later.
• What is the credit rating of the bank? Due to the increased revocation of licenses from banks in recent years, this indicator is especially relevant. Indeed, even a short-term downtime, due to freezing of accounts, can lead to loss of profit and other financial difficulties.
• EAre there bank branches in the city where the company operates? The lack of branches can lead to difficulties associated with the speed of decision-making and operations.

10. Conclusion + video on the topic

So, do without cash management services these days impossiblehowever, the advantages of using such a service, obvious. Cashless payments make our life easier and more convenient.

Despite the fact that CSC entails additional expenses, it significantly saves our time. Any operations with your current account can be made online and even through mobile phone.

It is also possible to open an account using Internet resources, without visiting a bank branch. In a competitive environment, banks are doing everything possible to attract as many customers as possible.

Now we know how to properly evaluate the bank for the benefits of cooperation with it on cash settlement services and having data on five major banks, we can easily navigate the modern market and make the right choice.

In conclusion, we suggest watching a video about settlement and cash services for legal entities:

As well as a video about settlement and cash services in Alfa-Bank - an overview of the tariffs and benefits of cash settlement services:

We wish you to successfully find your financial partner, cooperation with which will not only give you confidence and reliability, but also positively affect the activities of your organization as a whole.

Dear readers of RichPro.ru magazine, we would be grateful if you share your comments, experiences and wishes on the topic of publication in the comments below.

Watch the video: The Tokenization of Global Assets: An Overview Expert Panel with tZero and Polymath (November 2024).